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Indian producers turn to domestic market

Leather shoe sales within the domestic market are expected to see a ‘healthy improvement’.

Leather footwear producers in India have began to focus on the domestic market after seeing a fall in demand from Europe, according to a report published by the ICRA rating agency. The sector is said to have been affected by a fall in value of the British pound and the appreciation of the Indian rupee. Another contributory factor was the lack of usable material, following recent regulatory restrictions on the slaughter of animals.

“Players focused on leather products and export markets are likely to face headwinds,” commented ICRA vice-president Shubham Jain. “On the other hand, the revenue of those focused on the domestic market is likely to see healthy improvement.”

The Indian footwear industry has been maturing from manual to automatic manufacturing systems in recent years. Good progress has been made in design and production technology, developing skilled workers and raising quality standards, as well as in attracting the attention of major international brand owners.

Publishing Data

This article was originally published on page 2 of the December 2017 issue of SATRA Bulletin.

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